Japan's December retail sales down 2.7% from year ago

ChrisOliver

HONG KONG (MarketWatch) -- Japan's retail sales contracted at a larger-than expected pace in December from a year earlier, the fourth straight month of declines, according to data government data released Thursday. Retail sales fell 2.7% during the month, following a 0.9% contraction in November. Expectations were for a decline of 1.6% according to Bloomberg News. The December decline was the biggest for any single month since February 2005.

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